Threatened Strike in Venezuela
Will Impact Nation's Oil Output

Dow Jones Newswires

Updated June 11, 1999 12:01 a.m. ET

CARACAS, Venezuela -- A massive strike by oil workers threatened to begin next Monday will affect Venezuela's oil output, but that impact is expected to be minimized by a contingency plan put into play by Petroleos de Venezuela SA, or PdVSA, various experts said Thursday.

"PdVSA has contingency plans to ensure that key facilities continue operating," said one oil industry expert who requested anonymity.